PNC taps next head of retail banking

PNC Financial Services Group in Pittsburgh will soon have a new head of retail banking. 

The $552 billion-asset company said in a press release that Alex Overstrom will take over the post on July 1. He will succeed Karen Larrimer, who is retiring. 

Larrimer has led retail banking at PNC since July 2016. She has overseen the company’s digital expansion, several rebranding efforts and the creation of solution centers in expansion markets.

Overstrom, who has been with PNC eight years, has served as head of merchant services, head of aviation finance and chief operating officer of corporate and institutional banking and asset management. 

Overstrom helped lead the enterprise integration and conversion of BBVA USA. He will report directly to William Demchak, the company's chairman, president and CEO.